Core Viewpoint - Perimeter Solutions, SA reported quarterly earnings of $0.39 per share, exceeding the Zacks Consensus Estimate of $0.28 per share, and showing significant growth from $0.14 per share a year ago, indicating a strong performance in the recent quarter [1][2] Financial Performance - The company achieved revenues of $162.64 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 21.60% and increasing from $127.28 million year-over-year [2] - Over the last four quarters, Perimeter Solutions has exceeded consensus EPS estimates three times and topped revenue estimates four times [2] Stock Performance - Perimeter Solutions shares have increased approximately 23.8% since the beginning of the year, outperforming the S&P 500's gain of 7.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.77 on revenues of $261.38 million, and for the current fiscal year, it is $1.14 on revenues of $543.16 million [7] - The outlook for the Chemical - Specialty industry, where Perimeter Solutions operates, is currently in the bottom 39% of Zacks industries, which may impact stock performance [8]

[Second Quarter 2025 Results](index=1&type=section&id=Second%20Quarter%202025%20Results) [1.1 Key Financial Highlights](index=1&type=section&id=1.1%20Key%20Financial%20Highlights) Perimeter Solutions experienced a **net loss** in Q2 2025, yet achieved **significant growth in net sales and adjusted EBITDA** | Metric | Q2 2025 | Q2 2024 | Change (YoY) | | :-------------------------------- | :------ | :------ | :----------- | | Net Loss / Income (Millions USD) | $(32.2) | $21.7 | $(53.9)M | | Loss / Earnings Per Diluted Share | $(0.22) | $0.14 | $(0.36) | | Adjusted Net Income (Millions USD) | $57.1 | N/A | N/A | | Adjusted Earnings Per Diluted Share | $0.39 | $0.25 | $0.14 | | Net Sales (Millions USD) | $162.6 | $127.3 | +28% | | Adjusted EBITDA (Millions USD) | $91.3 | $64.9 | +41% | [2](index=2&type=chunk)[5](index=5&type=chunk) [1.2 Segment Performance](index=1&type=section&id=1.2%20Segment%20Performance) Both Fire Safety and Specialty Products segments achieved **strong growth in net sales and adjusted EBITDA** in Q2 2025 Q2 2025 Segment Performance | Segment Metric | Q2 2025 | Q2 2024 | Change (YoY) | | :-------------------------------- | :------ | :------ | :----------- | | Fire Safety Net Sales (Millions USD) | $120.3 | $98.5 | +22% | | Specialty Products Net Sales (Millions USD) | $42.4 | $28.7 | +47% | | Fire Safety Segment Adjusted EBITDA (Millions USD) | $77.7 | $55.6 | +40% | | Specialty Products Segment Adjusted EBITDA (Millions USD) | $13.7 | $9.3 | +48% | [5](index=5&type=chunk) [2.0 Year-to-Date 2025 Results](index=1&type=section&id=Year-to%20Date%202025%20Results) [2.1 Key Financial Highlights](index=1&type=section&id=2.1%20Key%20Financial%20Highlights) Year-to-date 2025, Perimeter Solutions achieved **net income**, reversing a prior year loss, driven by **strong growth in net sales and adjusted EBITDA** Year-to-Date 2025 Key Financial Highlights | Metric | YTD 2025 | YTD 2024 | Change (YoY) | | :-------------------------------- | :------- | :------- | :----------- | | Net Income / Loss (Millions USD) | $24.5 | $(60.9) | +$85.4M | | Earnings / Loss Per Diluted Share | $0.16 | $(0.42) | +$0.58 | | Non-GAAP Adjusted Earnings Per Share | $0.41 | $0.23 | +$0.18 | | Net Sales (Millions USD) | $234.7 | $186.3 | +26% | | Adjusted EBITDA (Millions USD) | $109.4 | $77.0 | +42% | [5](index=5&type=chunk) [2.2 Segment Performance](index=1&type=section&id=2.2%20Segment%20Performance) Year-to-date, Fire Safety sales and adjusted EBITDA surged, while Specialty Products sales grew with stable adjusted EBITDA Year-to-Date 2025 Segment Performance | Segment Metric | YTD 2025 | YTD 2024 | Change (YoY) | | :-------------------------------- | :------- | :------- | :----------- | | Fire Safety Sales (Millions USD) | $157.4 | $123.7 | +27% | | Specialty Products Sales (Millions USD) | $77.2 | $62.6 | +23% | | Fire Safety Segment Adjusted EBITDA (Millions USD) | $87.7 | $55.4 | +58% | | Specialty Products Segment Adjusted EBITDA (Millions USD) | $21.7 | $21.6 | Relatively flat | [5](index=5&type=chunk)[6](index=6&type=chunk) [3.0 Capital Allocation](index=2&type=section&id=Capital%20Allocation) Perimeter Solutions actively managed capital in Q2 2025, repurchasing shares and resolving a lawsuit by acquiring assets for cash - The company repurchased **2.9 million shares** of common stock at an average price of **$11.13 per share** during the quarter ended June 30, 2025[7](index=7&type=chunk) - In May 2025, Perimeter Solutions settled a trade secret lawsuit with a subsidiary of Compass Minerals International, Inc., concurrently acquiring related assets for **$20 million in cash**[7](index=7&type=chunk) [4.0 Conference Call and Webcast](index=3&type=section&id=Conference%20Call%20and%20Webcast) Perimeter Solutions announced a conference call and webcast for Q2 2025 results, providing access details for live participation and replay - A conference call to discuss Q2 2025 financial results was scheduled for Thursday, August 7, 2025, at 8:30 AM ET, accessible via specific dial-in numbers[8](index=8&type=chunk) - The conference call was simultaneously webcast on Perimeter's investor relations website, with a slide presentation available for reference[9](index=9&type=chunk) - A replay of the webcast and conference call was available after the live event, with specific access details valid until September 6, 2025[9](index=9&type=chunk) [5.0 About Perimeter Solutions](index=3&type=section&id=About%20Perimeter%20Solutions) Perimeter Solutions is a global leader in fire safety and specialty products, structured into two reporting segments [5.1 Fire Safety Segment](index=3&type=section&id=5.1%20Fire%20Safety%20Segment) The Fire Safety segment focuses on fire management products, supported by specialized equipment and a global emergency resupply network - The Fire Safety segment formulates and manufactures fire management products for wildfires, structural fires, flammable liquid fires, and other fire types[11](index=11&type=chunk) - This segment also provides specialized equipment (e.g., airbase retardant storage, mobile bases) and services, including an emergency resupply network for approximately **150 airtanker bases** in North America and other global customer locations[11](index=11&type=chunk) [5.2 Specialty Products Segment](index=3&type=section&id=5.2%20Specialty%20Products%20Segment) The Specialty Products segment develops products for non-fire safety markets, including P2S5-based additives and Smart Manufacturing Solutions - The Specialty Products segment focuses on non-fire safety markets, with its largest application being phosphorus pentasulfide (P2S5)-based lubricant additives, also used in pesticides, mining chemicals, and emerging electric battery technologies[12](index=12&type=chunk) - This segment includes Smart Manufacturing Solutions (IMS), a manufacturer of electronic/electromechanical components for large medical systems, communications infrastructure, energy infrastructure, defense systems, and industrial systems, with a focus on aftermarket repair and replacement[12](index=12&type=chunk) [6.0 Forward-looking Information](index=3&type=section&id=Forward-looking%20Information) This section contains forward-looking statements subject to risks and uncertainties, with no obligation to update unless legally required - This press release contains "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, identifiable by words such as "anticipate," "intend," "plan," and similar future-period expressions[13](index=13&type=chunk) - These statements are not guarantees of performance and involve risks, uncertainties (some beyond the company's control), and assumptions that could cause actual financial results to differ materially from those anticipated in the forward-looking statements, including risk factors described in the company's filings with the U.S. Securities and Exchange Commission (SEC), such as its Annual Report on Form 10-K for the year ended December 31, 2024[14](index=14&type=chunk) - Perimeter undertakes no obligation to update any forward-looking statements, whether as a result of new information, future developments, or otherwise, except as may be required by law[15](index=15&type=chunk) [7.0 Condensed Consolidated Financial Statements](index=5&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents Perimeter Solutions, Inc. and its subsidiaries' unaudited condensed consolidated financial statements, including operations, balance sheets, and cash flows [7.1 Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20(Loss)%20Income) Q2 2025 saw a **net loss** despite sales growth, while year-to-date achieved **net income**, reversing a prior year loss Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) | Metric (Thousands USD) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :-------------------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Net sales | $162,639 | $127,276 | $234,669 | $186,320 | | Gross profit | $101,496 | $73,267 | $129,649 | $93,969 | | Total operating expenses | $127,722 | $28,249 | $78,068 | $123,815 | | Operating (loss) income | $(26,226) | $45,018 | $51,581 | $(29,846) | | Net (loss) income | $(32,161) | $21,650 | $24,525 | $(60,908) | | Total comprehensive (loss) income | $(8,041) | $20,661 | $56,530 | $(67,440) | | Diluted (Loss) earnings per share | $(0.22) | $0.14 | $0.16 | $(0.42) | [17](index=17&type=chunk) [7.2 Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets, liabilities, and stockholders' equity all increased as of June 30, 2025, compared to December 31, 2024 Condensed Consolidated Balance Sheets (Unaudited) | Metric (Thousands USD) | June 30, 2025 | December 31, 2024 | | :-------------------------------- | :------------ | :---------------- | | Total current assets | $420,079 | $394,024 | | Total assets | $2,486,262 | $2,416,394 | | Total current liabilities | $103,964 | $62,488 | | Total liabilities | $1,307,631 | $1,259,124 | | Total stockholders' equity | $1,178,631 | $1,157,270 | [19](index=19&type=chunk) [7.3 Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations increased year-to-date, but significant cash use in investing and financing led to a net decrease in cash Condensed Consolidated Statements of Cash Flows (Unaudited) | Metric (Thousands USD) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :-------------------------------- | :----------------------------- | :----------------------------- | | Net cash provided by operating activities | $20,894 | $11,418 | | Net cash (used in) provided by investing activities | $(42,803) | $187 | | Net cash used in financing activities | $(40,560) | $(14,784) | | Net change in cash and cash equivalents | $(57,798) | $(4,114) | | Cash and cash equivalents, end of period | $140,658 | $43,162 | [21](index=21&type=chunk) [8.0 Non-GAAP Financial Metrics](index=9&type=section&id=Non-GAAP%20Financial%20Metrics) Perimeter Solutions uses non-GAAP metrics like Adjusted EBITDA and Adjusted EPS to provide a clearer understanding of business performance [8.1 Adjusted EBITDA](index=9&type=section&id=Adjusted%20EBITDA) Adjusted EBITDA grew significantly in Q2 2025 and year-to-date, reflecting strong operational performance after specific adjustments - Adjusted EBITDA is defined as (loss) income before income taxes, plus net interest and other financing expenses, depreciation, and amortization, consistently adjusted for certain non-recurring, unusual, or non-operating items such as restructuring costs, founders advisory fees, stock-based compensation expense, and foreign currency (gain) loss[23](index=23&type=chunk) Adjusted EBITDA Reconciliation (Three Months Ended June 30) | Metric (Thousands USD) | Q2 2025 Total | Q2 2024 Total | | :-------------------------------- | :------------ | :------------ | | (Loss) income before income taxes | $(33,848) | $34,130 | | Depreciation and amortization | $17,924 | $16,359 | | Interest and financing expense | $9,930 | $10,590 | | Founders advisory fees - related party | $96,883 | $588 | | Non-recurring expenses | $307 | $23 | | Stock-based compensation expense | $2,238 | $2,994 | | Foreign currency (gain) loss | $(2,096) | $224 | | **Segment Adjusted EBITDA** | **$91,338** | **$64,908** | Adjusted EBITDA Reconciliation (Six Months Ended June 30) | Metric (Thousands USD) | YTD 2025 Total | YTD 2024 Total | | :-------------------------------- | :------------- | :------------- | | Income (loss) before income taxes | $35,331 | $(52,702) | | Depreciation and amortization | $34,817 | $32,771 | | Interest and financing expense | $19,574 | $21,238 | | Founders advisory fees - related party | $16,270 | $68,921 | | Non-recurring expenses | $1,775 | $563 | | Stock-based compensation expense | $4,909 | $4,736 | | Foreign currency (gain) loss | $(3,255) | $1,517 | | **Segment Adjusted EBITDA** | **$109,421** | **$77,044** | [8.2 Adjusted Net Income and Adjusted Earnings Per Share](index=10&type=section&id=Adjusted%20Net%20Income%20and%20Adjusted%20Earnings%20Per%20Share) Adjusted net income and EPS were significantly higher than GAAP net loss, indicating improved profitability after non-GAAP adjustments - Adjusted net income is defined as net (loss) income plus amortization, certain non-recurring items, founders advisory fees, stock-based compensation expense, foreign currency (gain) loss, and the tax impact of these non-GAAP adjustments; adjusted EPS is adjusted net income divided by adjusted diluted shares[26](index=26&type=chunk) Adjusted Net Income and Adjusted Earnings Per Share Reconciliation (Three Months Ended June 30) | Metric (Thousands USD, except per share) | Q2 2025 | Q2 2024 | | :-------------------------------------- | :------ | :------ | | GAAP net (loss) income | $(32,161) | $21,650 | | Amortization | $14,604 | $13,755 | | Founders advisory fees - related party | $96,883 | $588 | | Non-recurring expenses | $307 | $23 | | Stock-based compensation expense | $2,238 | $2,994 | | Foreign currency (gain) loss | $(2,096) | $224 | | Tax impact of non-GAAP adjustments | $(22,631) | $(3,441) | | **Adjusted Net Income** | **$57,144** | **$35,793** | | GAAP (Loss) Earnings Per Share (diluted) | $(0.22) | $0.14 | | **Adjusted Earnings Per Share (diluted)** | **$0.39** | **$0.25** | Adjusted Net Income and Adjusted Earnings Per Share Reconciliation (Six Months Ended June 30) | Metric (Thousands USD, except per share) | YTD 2025 | YTD 2024 | | :-------------------------------------- | :------- | :------- | | GAAP net income (loss) | $24,525 | $(60,908) | | Amortization | $28,703 | $27,526 | | Founders advisory fees - related party | $16,270 | $68,921 | | Non-recurring expenses | $1,775 | $563 | | Stock-based compensation expense | $4,909 | $4,736 | | Foreign currency (gain) loss | $(3,255) | $1,517 | | Tax impact of non-GAAP adjustments | $(11,694) | $(8,632) | | **Adjusted net income** | **$61,233** | **$33,723** | | GAAP Earnings (Loss) Per Share (diluted) | $0.16 | $(0.42) | | **Adjusted Earnings Per Share (diluted)** | **$0.41** | **$0.23** |

Core Insights - Perimeter Solutions reported a net loss of $32.2 million for the second quarter of 2025, with an adjusted net income of $57.1 million, indicating a significant shift from the previous year's net income of $21.7 million [1][4][27] - The company's adjusted EBITDA for the second quarter increased by 41% to $91.3 million, driven by strong performance in both Fire Safety and Specialty Products segments [1][4][22] Financial Performance - Net sales for the second quarter rose by 28% to $162.6 million compared to $127.3 million in the same quarter last year [4] - Fire Safety net sales increased by 22% to $120.3 million, while Specialty Products net sales surged by 47% to $42.4 million [4] - Year-to-date net sales increased by 26% to $234.7 million, with Fire Safety sales up 27% to $157.4 million and Specialty Products sales up 23% to $77.2 million [4] Earnings Metrics - Loss per diluted share for the second quarter was $0.22, compared to earnings per diluted share of $0.14 in the prior year [4][27] - Non-GAAP adjusted earnings per diluted share increased to $0.39 from $0.25 in the previous year [4][27] - Year-to-date adjusted earnings per share rose to $0.41 from $0.23 in the prior year [28] Segment Performance - Adjusted EBITDA for the Fire Safety segment increased by 40% to $77.7 million, while the Specialty Products segment saw a 48% increase to $13.7 million [4][24] - The Fire Safety segment's strong performance is attributed to its role as a manufacturer of fire management products and services [9] Capital Allocation - The company repurchased 2.9 million shares of common stock at an average price of $11.13 per share during the quarter [12] - In May 2025, the company settled trade secret litigation and acquired related assets for $20 million in cash [12]

Company Announcement - Perimeter Solutions will release its financial results for the second quarter of 2025 on August 7, 2025, before the market opens [1] - A conference call to discuss these results will be held at 8:30 AM ET on the same day, led by CEO Haitham Khouri, CFO Kyle Sable, and Head of Investor Relations Seth Barker [2] Company Overview - Perimeter Solutions is a leading global solutions provider for the Fire Safety and Specialty Products industries, headquartered in St. Louis, Missouri [3] - The company operates in two segments: Fire Safety, which provides fire retardants and firefighting foams, and Specialty Products, which includes non-fire safety products such as phosphorus pentasulfide-based lubricant additives [3] - The Specialty Products segment also encompasses IMS, a manufacturer of electronic or electro-mechanical components for various end markets, focusing on aftermarket repair and replacement [3]

Group 1 - Perimeter Solutions' stock has been influenced by wildfire acreage, with a notable correlation between wildfire activity and revenue generation, leading to a "no fires, no revenue" sentiment [1] - The stock experienced a significant rebound in 2024, indicating a recovery linked to increased wildfire activity [1] - The company operates in a sector where small and midcap names are considered to have asymmetric upsides, suggesting potential for growth despite past performance [1] Group 2 - The analyst has a diverse background, having worked in the Industrials and chemicals sector, and in finance and technology roles, which enriches the analysis of the company [1] - The article emphasizes the importance of execution experience in conjunction with analytical skills, highlighting a comprehensive approach to investment analysis [1]

Core Viewpoint - The article emphasizes the importance of timing and sustainability in short-term investing, highlighting that a solid trend can lead to successful investments if supported by strong fundamentals and positive earnings estimates [1][2]. Group 1: Stock Performance - Perimeter Solutions, SA (PRM) has shown a significant price increase of 65.3% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 23.4% in the last four weeks, suggesting that the upward trend is still intact [5]. - PRM is currently trading at 98.7% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - PRM holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks with strong fundamentals that can maintain their upward momentum [3]. - The article suggests that investors should consider other stocks that pass through this screening process for potential investment opportunities [8].

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify effective metrics for assessing momentum in stocks [2] Group 2: Company Analysis - Perimeter Solutions, SA (PRM) - Perimeter Solutions, SA currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - Over the past week, PRM shares increased by 5.27%, outperforming the Zacks Chemical - Specialty industry, which rose by 3.31% [6] - In a longer timeframe, PRM shares have risen by 58.66% over the past quarter and 93.58% over the last year, significantly outperforming the S&P 500's gains of 16.66% and 14.76% respectively [7] Group 3: Trading Volume and Earnings Outlook - PRM's average 20-day trading volume is 1,089,739 shares, indicating a bullish sign with rising stock prices [8] - Recent earnings estimate revisions for PRM show one upward revision for the full year, increasing the consensus estimate from $0.68 to $1.14 over the past 60 days [10] - For the next fiscal year, there has been one upward estimate revision with no downward revisions, suggesting a positive earnings outlook [10] Group 4: Conclusion - Considering the positive momentum indicators and earnings outlook, PRM is positioned as a promising stock for near-term investment [12]

Core Insights - Perimeter Solutions has inaugurated a new PHOS-CHEK facility in McClellan Park, Sacramento, CA, which is one of the leading fire retardant production facilities globally [1][7] - The facility spans 110,000 square feet and will enable rapid distribution of fire retardants to airbases across North America [1][7] - The investment aims to address the increasing challenges posed by severe wildfire seasons in California and nationwide [2] Product Details - The new facility will manufacture three key fire retardants: PHOS-CHEK MVP-Fx, PHOS-CHEK 259-Fx, and PHOS-CHEK LCE20-Fx [2][7] - PHOS-CHEK MVP-Fx is heavily relied upon by CAL FIRE for wildfire combat in California [2] - PHOS-CHEK 259-Fx is the only fire retardant approved for use in fixed-tank helicopters, designed to protect sensitive equipment [2] - PHOS-CHEK LCE20-Fx is the latest innovation, offering high firefighting performance with improved environmental benefits [2] Strategic Commitment - The investment in the McClellan facility reflects Perimeter Solutions' commitment to innovation, reliability, and environmental responsibility [3] - The company is enhancing its capacity to respond quickly to wildfire emergencies with advanced fire retardant technology [3] Market Performance - Perimeter Solutions' shares have increased by 96% over the past year, significantly outperforming the industry average growth of 4.6% [4]

Core Viewpoint - Perimeter Solutions, SA (PRM) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook driven by rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system emphasizes the importance of changing earnings estimates in determining stock price movements, making it a valuable tool for investors [2][4]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling actions that affect stock prices [4]. Company Performance and Investor Sentiment - The upgrade for Perimeter Solutions, SA reflects an improvement in its underlying business, which is expected to drive stock appreciation as investors recognize this positive trend [5]. - Over the past three months, the Zacks Consensus Estimate for Perimeter Solutions has increased by 67.6%, indicating a strong upward revision in earnings expectations [8]. Zacks Rank System - The Zacks Rank system categorizes stocks based on earnings estimate revisions, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Perimeter Solutions' upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].

Core Insights - Two stocks with strong momentum and buy rankings are highlighted for investors: Perimeter Solutions, Inc. and Scorpio Tankers Inc. [1][2] Group 1: Perimeter Solutions, Inc. (PRM) - Perimeter Solutions is a company specializing in firefighting products and lubricant additives [1] - The company has a Zacks Rank of 1, indicating strong performance potential [1] - The Zacks Consensus Estimate for its current year earnings has increased by 67.7% over the last 60 days [1] - Perimeter Solutions' shares have gained 63.3% over the last three months, significantly outperforming the S&P 500's advance of 22.2% [1] - The company possesses a Momentum Score of A, reflecting its strong upward price movement [1] Group 2: Scorpio Tankers Inc. (STNG) - Scorpio Tankers operates as a seaborne transporter of refined petroleum products [2] - The company also holds a Zacks Rank of 1, indicating strong investment potential [2] - The Zacks Consensus Estimate for its current year earnings has increased by 6.4% over the last 60 days [2] - Scorpio Tankers' shares have gained 31.4% over the last three months, again outperforming the S&P 500's advance of 22.2% [2] - The company has a Momentum Score of B, indicating solid but slightly less aggressive momentum compared to Perimeter Solutions [2]